122 College Street

For Sale

122 College St, Asheville, NC 28801

This Asheville property for sale is located at 122 College St. The current listed sale price for 122 College Street is $4,850,000. 122 College Street is situated on a lot that is 0.07 acre in size.

Contacts

broker
James Harrison

Whitney Commercial Real Estate

Property Details

  • Property Type Retail - Street Retail
  • Property Size 11,885 SF
  • Units 5
  • Lot Size 0.07 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1917
  • Year Renovated 2023
  • Date Updated Dec 20, 2024
Truly in the center of it all, 122 College Street is located in the heart of Asheville's Central Business District and is footsteps from the northern edge of the city's beloved Pack Square Park. The location offers effortless access to the city's renowned dining, shopping, arts, and music scenes. Truly in the center of everything, 122 College Street also offers easy and immediate access to Western North Carolina via all major highways—I-240, I-26, and I-40.Welcome to 122 College Street, where historic character meets modern luxury in the heart of Downtown Asheville. Located steps from iconic Pack Square Park in the vibrant Central Business District, this 11,885 SF mixed-use property underwent an award-winning 2023 renovation, earning a Griffin Award for adaptive reuse from the Preservation Society of Asheville. Classic exposed brick and 1917 finishes define the building's facade, inviting patrons and tenants to enjoy the bright atmosphere of the 3,000-SF restaurant space on the main floor; or the cozy, 3,000-SF bar on the lower level—both 100% leased. From College Street, a private residential entrance leads to 5,040 total SF of spectacular upper-floor luxury suites, including two beautifully appointed 2BD/2BA apartments on the second floor (1,250 square feet each); and a 3BD/3.5BA penthouse on the top level with 2,950 square feet and room for 10 guests. Each of the residential suites offers spacious layouts, with large windows opening to gorgeous city views. All suites boast high ceilings and exposed brick, creating an industrial-loft aesthetic unique to Downtown Asheville. The penthouse features breathtaking 25' ceilings, and a stringer staircase that leads to a 380 SF mezzanine. From there, step out onto the only private rooftop terrace overlooking Pack Square Park (400 SF), where sweeping mountain views blend seamlessly with Asheville's iconic art-deco structures. The suites and penthouse are offered fully furnished, with state-of-the-art appliances, modern furniture, and stylish decor appointed throughout. The property is fully sprinkled and outfitted with new electrical, mechanical, and HVAC systems, as well as a monitored fire alarm system. A newly installed fire escape provides flexibility for CBD zoning uses, offering future adaptability for an owner. With its unbeatable location, award-winning design, and impeccable updates, 122 College Street is truly a must-see—a rare opportunity to own a landmark property in Downtown Asheville.
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Highlights

  • - Prime downtown Asheville location across from Pack Square Park
  • - Award-winning 2023 renovation (Griffin Award for Adaptive Reuse)
  • - Rooftop terrace (400 SF) with views of Pack Square Park and Asheville’s art-deco landmarks
  • - Fully leased 3,000-SF street-level restaurant with high ceilings
  • - Fully leased 3,000-SF lower-level bar with private entrances
  • - Two 2BD/2BA luxury apartments (2nd floor; 1,250 square feet each)
  • - One 3BD/3.5BA penthouse with mezzanine and private rooftop terrace (top floor; 2,950 square feet)
  • - Large windows with abundant natural light and city/mountain views
  • - Fully furnished residential suites with state-of-the-art appliances and modern décor
  • - New electrical, mechanical, and HVAC systems (2023)
  • - Fully sprinkled with monitored fire alarm
  • - Newly installed fire escape for zoning flexibility
  • - Flexible CBD zoning for various uses
  • - Iconic historic architecture with exposed brick and 1917 finishes

Getting around

  • 91/100

    Walk Score ®

  • 53/100

    Transit Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Asheville, NC
  • Neighborhood Downtown Asheville
  • Zip Code 28801
  • Market Asheville

Points of Interest

  • Greenlots

    0.22 miles

  • Shell

    0.38 miles

  • Citgo

    0.58 miles

  • Enmark

    0.72 miles

  • Gas Express

    0.91 miles

  • Exxon

    1.37 miles

  • Sam's Club

    1.75 miles

  • Tesla Supercharger

    5.40 miles

  • EVgo

    7.74 miles

  • Tesla Destination Charger

    7.75 miles

  • Rankin Avenue Garage

    0.19 miles

  • Civic Center Garage

    0.22 miles

  • Biltmore Avenue Parking Garage

    0.24 miles

  • Sears Alley Public Parking Deck

    0.29 miles

  • Wall Street Garage

    0.34 miles

  • Ironwood Parking Garage

    0.58 miles

  • Tempie Avery Montford Community Center Parking

    0.86 miles

  • Parking Garage

    1.67 miles

  • Simpson Parking

    1.83 miles

  • Twisted Laurel

    0.02 miles

  • Havana Miami

    0.03 miles

  • Sovereign Remedies

    0.07 miles

  • Pack's Tavern

    0.08 miles

  • Suwanna's Thai Orchid

    0.09 miles

  • Strada

    0.10 miles

  • Mellow Mushroom

    0.11 miles

  • Bomba

    0.11 miles

  • Rhubarb

    0.11 miles

  • The Noodle Shop

    0.11 miles

  • Mast General Store

    0.15 miles

  • French Broad Food Co-op

    0.29 miles

  • Whole Foods Market

    0.48 miles

  • Trader Joe's

    0.52 miles

  • Harris Teeter

    0.57 miles

  • Ingles

    0.86 miles

  • Innsbruck Mall

    0.90 miles

  • Big Lots

    0.91 miles

  • Earth Fare

    1.42 miles

  • Dillard's

    1.63 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
James Harrison

Whitney Commercial Real Estate